Cruz Plan Targets Bankers To Halt Iran Deal

World Net Daily ^ | 9/10/2015 | Bob Unruh

[conservativejoy]

Presidential candidate Sen. Ted Cruz, R-Texas, on Thursday took to a new level his fight against President Obama’s deal with Iran, which would provide the terror-funding regime with hundreds of billions of dollars.

He wants Congress officially to warn bankers that if they release those funds, there could be legal consequences. Criminal consequences.

Cruz dispatched a three-part plan after support for a legislative maneuver to thwart opposition to the Iran nuclear deal was delayed.

Along with a couple of congressional statements, Cruz wants a warning from Congress to bank CEOs.

“We can assume, based in his past practice, that President Obama will simply ignore the law and declare that he is lifting sanctions under the agreement,” Cruz said.

“On that assumption, we should make clear to the CEOs of banks holding frozen Iranian funds that their misplaced reliance on the president’s lawlessness would not necessarily excuse them from the obligation to comply with existing federal sanctions laws,” he said.

“And if they release billions in funds to Khamenei, they risk billions in civil (and possibly even criminal) liability once President Obama leaves office. Having spent years advising major corporations in private practice, I can tell you that their general counsels will likely tell them their legal exposure is real, which could well result in the banks deciding not to release the funds to Iran, the president’s lawless waivers notwithstanding.”

His plan was included in a letter to Senate Majority Leader Mitch McConnell and House Speaker John Boehner.

Congressional leaders, Cruz said, should “formally determine that, under the Iran Nuclear Agreement Review Act of 2015, also known as Corker-Cardin, because President Obama has not submitted to Congress the widely reported side deals between Iran and the International Atomic Energy Agency, the president has not yet submitted the Iran agreement as required.”

[conservativejoy]

Brilliant! Now the battle is getting McConnell off his knees long enough to implement it.

[RKBA Democrat]

“Brilliant! Now the battle is getting McConnell off his knees long enough to implement it.”

Naah. The turtle isn’t the kneepad type. More of a pillow-biter if you ask me.

[AdaGray]

Something tells me that the whole Corker fiasco and the obvious RINO reluctance to fight hard on this issue has to do with banks and/or other special interests who are champing at the bit to do business with Iran.

[cripplecreek]

There are also other ways of doing damage to the deal if not stopping it. The Michigan and Oklahoma Attorneys general are calling on states to impose their own sanctions on Iran. (while relying on a 2008 Ted Cruz supreme court win to do so)

http://www.freerepublic.com/focus/f-gop/3333815/posts

[AdaGray]

It is going to be fun watching McConnell and Boehner try to wriggle out of this.

[T Ruth]

And if they release billions in funds to Khamenei, they risk billions in civil (and possibly even criminal) liability once President Obama leaves office. Having spent years advising major corporations in private practice, I can tell you that their general counsels will likely tell them their legal exposure is real,

This is true. In fact, I am not sure that, for example, victims of Iranian terrorist actions financed by the released money would have to wait to sue until Obama is out of office.

[TBP]

If you do business with Iran, there should be consequences.